Transparency Market Research

Albany, NY -- (SBWIRE) -- 01/22/2015 -- The global wind turbine rotor blade market research report is an analytical compilation of the global scenario of this market. This study marks out factors that will impact the global as well as regional dynamics of the wind turbine rotor blade market. Our analysts discuss in detail the market figures and help you anticipate emerging trends and threats. The data pertaining to this industry's structure, capacity, and growth rates will prove valuable to manufacturers, raw material suppliers, investors, wind farm developers, as well as government agencies.

This study also analyzes the forecasts and historical data of the overall wind turbine rotor blade market, complete with recommendations from our expert analysts. A separate section within the report is dedicated to Company Profiles, so as to map the competitive landscape in detail and bring you up to date with recent developments of your competitors.

Overview of the global wind turbine rotor blade market

The global wind turbine market is a rapidly-growing one and has continued its ascent with double-digit growth over the past decade. Market figures depict this growth story-as of 2010, the installed capacity of wind turbines notched 37,462 megawatts (MW). With this, the worldwide installed capacity of wind power soared to 196,853 MW. Market analysts expect that the wind turbine market will maintain this level of growth until 2016 as new-generation turbines are installed at many locations worldwide, and existing ones are either refurbished or re-installed.

These encouraging figures bode well for the global wind turbine rotor blade market as well, as rotor blades are a key component of wind turbines. Thus, the market for wind turbine rotor blades is expected to demonstrate a growth story that's not too different from the overall wind power industry. Numerous design and technology modifications-all aimed at boosting the performance of these blades-currently characterize the wind turbine rotor blade market. Market studies show windmill blades are now longer than 70 meters.

The market is poised for growth and innovation as market players strive to develop innovative composite structures, productive blade designs, extended durability, and weather-resistance even in the most demanding operating conditions. Solutions to maximize the energy output and minimize maintenance expenses are being sought after in the wind turbine rotor blade market. All of these will open new avenues for growth for the global wind turbine rotor blade market.

In 2010, the size of the worldwide wind turbine rotor blade market was pegged at a little less than US$7 billion. The largest market, by region, was that of Asia Pacific, which stood at an approximate size of US$3 billion. China is expected to stay firmly in its position as the fastest-growing regional wind turbine rotor blade market.

In the past decade, the market rotor blades used in wind turbines has received an impetus through favorable policies and accelerated investments. If these continue at the same rate over the next few years, the global wind turbine rotor blade market will see healthy growth until 2017 (and beyond).

Wind turbine blades with a length of 38 to 50 meters are currently the most sought after. Nearly 55% of all blades used on wind turbines fall under this category. In the next two to three years as well, this category of blades will gain a larger market share (occupying an estimated 60% of the total wind turbine rotor blades market by 2017). Most wind farm owners are showing an inclination towards blades with a larger sweep area, which helps generate higher amounts of energy without the location of the wind turbine having to be changed.

Among other peripheral opportunities that the wind turbine rotor blade market will create are: innovation in materials such as carbon and glass fiber and blade maintenance and testing infrastructure.

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